As the economy has slowly started to recover, the hardest hit area has remained small business lending. A new survey from Omega Performance, however, indicates that tide is now shifting as well.
Seventy-four percent of the bankers surveyed globally responded that their banks were likely to increase their small business lending. In the U.S., the number was slightly higher at 77 percent. Small business also dominated the areas banks were planning to actively pursue, coming in at 76 percent globally, and 78 percent in the U.S.
The shift is evidence of an improved outlook on the economy in general in banking–69 percent of global bankers said the economy will improve over the course of 2012. Bankers also listed credit training as being high on their list of priorities for 2012, with 92 percent of bankers citing its importance this year.